Notice of Commission Approval – Material Amendments to CDS Procedures – Automated Confirmation Transaction (ACT) Service – CDS Clearing and Depository Services Inc.

Canadian Depository for Securities Limited (CDS) rule review

 
In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on April 27, 2010, amendments filed by CDS to its procedures to reflect changes to the ACT service which will introduce two new reports and eliminate the existing suite of ACT reports produced by CDS. The proposed amendments to the reports are a consequence of CDS’s decision to change its role from a sponsor, service bureau and executing broker to the role of a sponsor only for the ACT service. A copy and description of these amendments were published for comment on February 26, 2010 at (2010) 33 OSCB 1881. No comments were received.